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Latest Currency News Headlines

GBP USD Exchange Rate Rises on BoE Rate Hike Speculation

20 Mar 2017 at 12 PM - Written by Ben Hughes

The British Pound to US Dollar exchange rate surged on Tuesday as Britain’s February inflation stats came in well above expectations. Dovish comments from Bank of England (BoE) Governor Mark Carney indicated that the bank will overlook a single point of better-than-expected data. Despite this, markets hopes for a tighter outlook from the BoE continued to increase. [Previously updated 20/03/2017] The GBP USD exchange...

CATEGORIES: Dollar Pound Forecasts

EUR to USD Exchange Rate Tests Monthly Highs on Cautious Optimism in Eurozone

20 Mar 2017 at 11 AM - Written by Ben Hughes

The Euro to US Dollar exchange rate surged on Tuesday, hitting its best levels since early-November 2016 following Monday’s televised French election debate. The debate saw centrist front runner put in a strong performance against his anti-EU opponent Marine Le Pen. As bets of a Macron win increased, the Euro saw relief from its recent populism jitters. [Previously updated 20/03/2017] Last week saw the Euro to US...

CATEGORIES: Daily Currency Updates Euro Forecasts

GBP INR Exchange Rate Extends Gains Despite Scottish Independence Worries

17 Mar 2017 at 4 PM - Written by John Cameron

Following the surprisingly split Bank of England (BoE) vote on interest rates the Pound Sterling to Indian Rupee (GBP INR) exchange rate remained on a stronger footing. BoE Policy Meeting Split Boosted GBP Demand Confidence in the Pound was strongly boosted by the fact that known hawk Kristin Forbes had voted in favour of a 25bpt interest rate hike at Thursday’s BoE policy meeting. However, the general tone of the...

CATEGORIES: Pound Rupee Forecasts Pound Sterling Forecasts

GBP ZAR Exchange Rate Tight on Zuma Questioning

16 Mar 2017 at 4 PM - Written by Toni Johnson

The British Pound to South African Rand exchange rate held above weekly lows towards the end of the week’s European session, but still looked to record losses this week and end the week near lows not seen since 2013. Analysts are becoming increasingly optimistic on the Rand outlook and risk measures on the currency have been consistently falling. GBP/ZAR could rise next week if UK inflation impresses, however. [Previously...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

GBP CAD Exchange Rate Spikes as BoE’s Forbes Pushes for Rate Hike

16 Mar 2017 at 2 PM - Written by Frank Davies

The British Pound to Canadian Dollar exchange rate continued to trend near the week’s best levels on Friday afternoon and looked to end the week over half a cent above its opening levels. Oil prices have been in flux throughout the week, making it difficult for the Canadian Dollar to benefit. This week’s Bank of England (BoE) news has left Sterling as the clear winner against the ‘Loonie’. [Previously updated 11 am]...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

USD GBP Exchange Rate Could Surge on Hawkish Fed Commentary

15 Mar 2017 at 4 PM - Written by Ben Hughes

The US Dollar to British Pound exchange rate plunged on Thursday afternoon following the week’s Bank of England (BoE) policy decision. While monetary policy was left frozen as expected, Kristin Forbes, a member of the Monetary Policy Committee (MPC), unexpectedly voted to hike UK interest rates back up to 0.5%. This bolstered bets that the BoE would tighten UK monetary policy in the foreseeable future. [Previously updated...

CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts

GBP AUD Exchange Rate Rises as UK Unemployment Hits Lowest Level Since 1975

15 Mar 2017 at 10 AM - Written by James Fuller

The British Pound to Australian Dollar exchange rate surged on Thursday afternoon following the Bank of England’s (BoE) March policy decision due to hawkish action from one member of the Monetary Policy Committee (MPC). Kristin Forbes voted to hike UK interest rates back up to 0.5%. While policy was left frozen, this impressed traders as it was the first time any BoE policymaker had voted for a rate hike since January...

CATEGORIES: Australian Dollar Forecasts Currency Predictions Daily Currency Updates

GBP INR Exchange Rate Slides after Improved Indian Inflation

14 Mar 2017 at 4 PM - Written by Toni Johnson

Thanks to a sharper slowdown in wage growth than investors were anticipating the Pound to Indian Rupee exchange rate remained under pressure. Even though the UK unemployment rate continued to fall this was not enough to particularly improve the mood towards Sterling, with the Bank of England still expected to take a cautious view at its March policy meeting. [Previously updated 14/03/2017] Despite starting the week on a...

CATEGORIES: Pound Rupee Forecasts

GBP USD Exchange Rate Crashes as Traders Wake Up to Harsh Brexit Realities

14 Mar 2017 at 1 PM - Written by Frank Davies

In spite of some disappointing UK wage growth figures the Pound to US Dollar exchange rate was trading bullishly on Wednesday morning. Some measure of confidence in Sterling was inspired by an unexpected dip in the ILO unemployment rate, which fell to its lowest level since 1975 at just 4.7%. [Previously updated 14/03/2017] GBP Update: Heavy Losses as Scottish Independence and Brexit Talks Raise Concerns In a sharp...

CATEGORIES: Pound Dollar Forecasts

Markets Brace for Brexit, GBP AUD Exchange Rate Volatile

13 Mar 2017 at 1 PM - Written by Frank Davies

The Pound Australian Dollar exchange rate was met by increased volatility this morning as reports suggest that Prime Minister Theresa May could invoke Article 50 by the end of the week. Pound Australian Dollar (GBP AUD) Volatile as Brexit Set to Begin The Pound Australian Dollar (GBP AUD) exchange rate fluctuated in trading today as markets brace for the possibility of Theresa May will begin the formal Brexit process...

CATEGORIES: Pound Australian Dollar Forecasts